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Lab-grown diamonds may soon develop their own distinct price scale that differs from that of natural diamonds, Andrey Zharkov, the former chief executive officer of Alrosa who now heads the lab-grown diamond company Ultra C, predicted during a recent webinar.
Richemont’s first-quarter sales fell by nearly half with double-digit declines across all regions, categories, and distribution channels amid the COVID-19 pandemic.
A 12-carat blue diamond proved there’s still demand for colored diamonds when it went for well above its pre-sale high estimate at auction Thursday July 9.
India’s diamond sector has asked the government to reduce import duties for polished, arguing that a lower rate would boost the country’s position as a trading hub.
As US retailers struggle to pick up the pieces after the coronavirus shutdowns, many are hopeful that a recovery is on its way.
Tech firm Sarine is to provide “birth certificates” which track the provenance of rough stones being sold by Lucara.
Press release – GemFair signs MOU for joint delivery of capacity building programme to advance ASM standards in West Africa. Partnering with GIZ and Mano River Union to deliver training on mining standards in Sierra Leone, Liberia, Guinea and Ivory Coast.
While most consumers still want to buy diamond jewelry at a physical store, they want to make sure that proper COVID-19 precautions are in place, according to new research from the De Beers Group.
Press release – ALROSA decided to change dates for its trading sessions in July and August after having reviewed the current market situation.
A new study from market research firm eMarketer forecasts that China’s retail market will become the biggest in the world in 2020—surpassing the U.S. retail market, which has been the largest in the world for more than a century.
Rubel & Ménasché is a company that is always on the move and trying to improve. Our “Lettre” follows the rule! We changed its layout and distribution a little at the start of 2020. But our reflection actually goes much further and we are now wondering about the form and the substance. And who better […]
COVID-19 hit the world like a wild and destructive storm, harming lives and assets as it spread. The diamond and jewelry industry was not spared, and sales dropped significantly – how significantly was anyone’s guess until now. Following are the figures showing just how COVID-19 impacted sales, and how the tide is perhaps starting to […]
